VLADIVOSTOK, April 18 (Xinhua) — The share of recent Chinese vehicles bought by sellers within the Russian areas of Far East and Siberia has surged from 10 p.c in January 2022 to 50 p.c in March 2023, Russia’s state news company RIA Novosti reported on Monday.
This enhance in gross sales of Chinese vehicles occurred alongside a major decline in European automotive manufacturers, whose market share plummeted from 27 p.c to six p.c.
Meanwhile, Russian automotive manufacturers managed to extend their share from 18 p.c to 25 p.c because the begin of final 12 months to March 2023.
The proportion of Korean vehicles bought within the space has additionally decreased from 25-28 p.c to fifteen p.c. The share of Japanese vehicles has fallen from 18 p.c to six p.c in western Russia, and from 18 p.c to 10 p.c within the east.
The variety of Chinese-made vans imported into Russia by the Far Eastern customs has jumped from 340 to 2,759, the Russian news company mentioned.